Consumer Credit Legislation Amendment (Enhancements) Act 2012 (130 of 2012)
Schedule 2 Reverse mortgages
Part 1 Definitions
Division 2 Other definitions
National Consumer Credit Protection Act 2009
8 Subsection 204(1) of the National Credit Code
Insert:
reverse mortgaged property , in relation to a credit contract for a reverse mortgage, means a dwelling or land that has been mortgaged to secure a debtor's obligations under the contract.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
